38 GARRETT DRIVE
About This Property
Welcome to this charming 3-bedroom, 2-bath home located on a spacious corner lot in Ocean Pines, Maryland. This well-maintained property offers comfortable one-level living with hard surface flooring throughout-easy to maintain and perfect for everyday life.
Step inside to a bright, open layout highlighted by cathedral ceilings in the living area, creating an airy, spacious feel with plenty of natural light. The living and dining spaces flow seamlessly into the kitchen, offering an inviting setup for both relaxing and entertaining. The kitchen provides ample cabinet and counter space to make everyday cooking simple and enjoyable.
Enjoy your morning coffee on the welcoming front porch, or unwind on the large screened-in back porch-perfect for enjoying the outdoors in comfort. The corner lot gives you extra yard space and a bit more privacy, with room to garden, play, or simply relax in the peaceful setting.
This home also features a roof that's just 2 years young, offering peace of mind and added value for years to come.
Located in the amenity-rich community of Ocean Pines, you'll enjoy access to pools, parks, walking trails, a golf course, and more. Whether you're looking for a full-time residence, a beach getaway, or an investment opportunity, this home has something for everyone. Come take a look-you'll feel right at home.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 13, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $325,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| Oct 4, 1995 | Sold | ||
| Sold | |||
| Aug 10, 1984 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017